Public Service Company of New Mexico Declares Preferred Dividend

Rhea-AI Summary

Public Service Company of New Mexico (NYSE: TXNM) declared a regular quarterly dividend of $1.145 per share on its 4.58 percent series of cumulative preferred stock. The dividend is payable January 15, 2026 to shareholders of record at the close of business on December 31, 2025.

The company is a subsidiary of TXNM Energy and serves more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities TNMP and PNM.

Positive

• $1.145 preferred dividend declared per share
• Dividend payable January 15, 2026
• Record date set at December 31, 2025

Negative

• Declared preferred dividend creates a fixed cash obligation on January 15, 2026

ALBUQUERQUE, N.M., Nov. 14, 2025 /PRNewswire/ -- The Board of Directors of Public Service Company of New Mexico, a subsidiary of TXNM Energy (NYSE: TXNM), declared the regular quarterly dividend of $1.145 per share on the 4.58 percent series of cumulative preferred stock. The preferred stock dividend is payable January 15, 2026, to shareholders of record at the close of business December 31, 2025.

Background:

TXNM Energy (NYSE: TXNM), an energy holding company based in Albuquerque, New Mexico, delivers energy to more than 800,000 homes and businesses across Texas and New Mexico through its regulated utilities, TNMP and PNM. For more information, visit the company's website at www.TXNMEnergy.com.

CONTACTS:

Analysts	Media
Lisa Goodman	Corporate Communications
(505) 241-2160	(505) 241-2743

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SOURCE TXNM Energy, Inc.

FAQ

What preferred dividend did Public Service Company of New Mexico (TXNM) declare on November 15, 2025?

The company declared a regular quarterly preferred dividend of $1.145 per share on the 4.58% series of cumulative preferred stock.

When is the TXNM preferred dividend payment date and record date for the November 2025 declaration?

The dividend is payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025.

Which TXNM shares are eligible for the $1.145 dividend declared November 15, 2025?

Holders of the 4.58% series of cumulative preferred stock as of December 31, 2025 are eligible.

How does the TXNM preferred dividend affect common shareholders?

The announcement covers a preferred stock dividend only; it does not declare a common dividend in this notice.

Where can I find more information about TXNM and its utilities TNMP and PNM?

Company information is available on the TXNM Energy website at www.TXNMEnergy.com.

Will the TXNM preferred dividend increase shareholder cash flow in January 2026?

Eligible preferred shareholders will receive the cash dividend on January 15, 2026, increasing their near-term cash proceeds.